WWE's share price (about $59 as of this writing) seems closer to fair value than in February, as the stock was then trading at under $56.
Even as popularity wanes, current viewership of Raw and Smackdown is strong enough to justify an increase in U.S. payments for new deals that would begin in October 2024.
Estimating adjusted OIBDA for the next four quarters (Q1 2022 through Q4 2022) totaling $364.9 million. Based on a 12x multiple, WWE is undervalued.
Between pay-per-view, tickets, and merchandise, Full Gear likely generated approximately $4 million. Only All Out 2021, which included CM Punk’s first pro wrestling match in seven years, drew more gross revenue.
Estimating an EPS of $0.56 for the quarter. Plus, insight on WWE's competition with AEW.
As the MLW “Fightland” special airs tonight on VICE at 10 pm, the promotion will likely be seen by its biggest TV audience ever. In 2020, MLW Fusion on beIN Sports averaged about 10,500 viewers for its first-run telecasts, up 38% from 7,600 in 2019, according to Nielsen data.